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Deciding not to expect repayment can reduce your anxiety. You still might second-guess your decision, especially if you have to come to terms with forfeiting a needed purchase or valued activity, or even delaying retirement, as you watch the funds vanish. Requests for financial help from family members can sabotage personal finances and emotional well-being.

Though CEOs may be taking note of increasing pressure from investors and politicians over their generous pay packets, the report once again highlights the stark disconnect between bosses and their employees. The average salary of a FTSE 100 CEO last year was 160 times that of the average U.K. worker. This means that it would

Tesla is not considering raising more equity at this point, CEO Elon Musk said Wednesday “We are not at this point considering an equity raise, we are thinking about debt,” Musk said on the company’s second-quarter earnings call. “But we are not thinking about an equity raise.” Some analysts have expected Tesla to return to

Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we’ve already made a mistake. Here’s a list of the top seven mistakes that hurt your chances to achieve financial security in retirement. 1. Assuming we should plan to retire Rocking chairs, sunsets, golf and a sailboat. If you watch

But for a person going through a temporary hard time or in a chemical withdrawal period or on a new medicine, the desire may be short-lived. Making it hard for them to physically act may buy time for a change in the circumstances that led to the desire. Things change, and when they do, that

When it comes to your financial stability, planning ahead is essential. A home-equity line of credit can give you an added level of financial security for the future and is best considered while you’re in a healthy financial position. Having an open line of credit on your house can be a valuable tool. It serves

Every financial advisor — fiduciary or not — has to make money somehow, but the devil is in the details. If your advisor’s answer about his or her business model is vague or takes more than 30 seconds to explain, that’s a major red flag. You should never buy anything, especially financial advice, if you

How can you create a financial freedom plan? The first step is to define your goals and your values. What would you be doing if you had more time? What responsibilities would you give up if you could? Where do you see yourself in five years if everything goes right in your life? It helps

Financial advisors are able to help you figure out how to reach your financial goals and achieve financial independence as soon as possible. So while it can be a complex topic to tackle, carefully considering your lifestyle, assets and debts will allow you to calculate a rough estimate of how long your money will last

A client met with me to discuss his dream of taking an early retirement. As a 58-year-old electrical engineer, Paul made it clear he was tired of enduring constant stress and increased responsibilities at work. His pension and 401(k) plan were finally at levels where he felt confident he could retire early, and on his

One of Cramer’s cardinal rules is to never turn a trade into an investment. If there is one thing he wants investors to take away from “Mad Money,” it is to never confuse these two concepts. That means understanding the purpose of why you are buying a stock. Sometimes an investor will buy a stock

Traders are betting on even calmer stock markets as the S&P 500 persistently climbs higher. The CBOE Volatility Index (.VIX), known as the best gauge of fear in the market, fell Friday to 9.3, its lowest since Dec. 27, 1993, when the VIX hit a low of 8.89. Market analysts noted the decline in the

GE’s closely watched cash flow from operations fell 67 percent to $3.6 billion from a year earlier, reflecting the loss of the appliances division, which the company has sold. Net profit slumped 58 percent to $1.34 billion, or 15 cents a share, in the quarter ended June 30, from $3.30 billion, or 36 cents a

Businessman T.J. Zlotnitsky offers another apt example of this demographic. After making a fortune with his tech company, he wants companies to pay higher wages and the government to tax the rich more. Zlotnitsky belongs to Patriotic Millionaires, a group of rich people bent on fighting inequality. As he explained in a blog post: “My

Parents and students are becoming increasingly cost-conscious, according to Edward Fiske, author of the “Fiske Guide to Colleges 2018.” At the same time, parents know that if they’re going to pour lots of money into higher education, they want the best education possible for their child, within their financial limits. Years ago, a student who

A widely used farm pesticide the Trump administration refused to ban might get restricted in California. Environmental activist groups, including the Natural Resources Defense Council and Earthjustice, are fighting to get a ban on chlorpyrifos and claim it can be harmful to children’s health and development. The groups were dealt a setback this week when

You may want to try a combination of both. With this strategy, you take out a 30-year mortgage but plan to put extra payments toward principal over the loan to pay it off sooner. There are many ways to do this (putting extra toward principal each month, putting big chunks down here and there), but

Paul Burns | Getty Images Making sure retirement savings last a lifetime becomes increasingly tricky as average lifespans lengthen. In my view, making your money last can largely be boiled down to five key levers. Three are always unknown: investment returns, inflation and longevity. Unfortunately, current conditions further complicate these unknowns. With stock market valuations

“Unfortunately, too many people go about it the other way, where they start shopping, they fall in love with a house and then they’re pulling strings to see how they can afford it,” he said. “That’s not a recipe for success.” Make sure your credit is in good shape and pay down your debt. That

PeopleImages | Getty Images Whether a variable annuity is a good option depends on all sorts of related financial considerations, including other sources of income in retirement and your individual situation and goals. Nevertheless, advisors say that in some cases a variable annuity ends up being the best option for a portion of an investors’